Originally to obtain or receive as due in any way, including through merit or suffering; specific sense of "acquire for money, pay money for, buy" is from mid-14c., though the word continued to be used for "to get by conquest in war, obtain as booty" up to 17c. Related: Purchased; purchasing.

From early 14c. as "endeavor, effort, exertion; instigation, contrivance;" late 14c. as "act of acquiring, procurement." Meaning "that which is bought" is from 1580s. The sense of "hold or position for advantageously applying power" (1711) is extended from the nautical verb meaning "to haul or draw (especially by mechanical power)," often used in reference to hauling up anchors, attested from 1560s. Wif of purchase (early 14c.) was a term for "concubine."